Euro Dives Below $ 1.37 On Greek Bombshell

The European single currency fell below $ 1.37 after debt-plagued Greece shocked investors by calling a referendum over the nation’s latest EU bailout. Adding to the toxic mix, indebted Italy’s bonds came under acute pressure on heightened concern over spreading debt contagion from the eurozone crisis.

The euro tumbled as low as $ 1.3609, its lowest level since October 12, before recovering to $ 1.3697 at 0330 IST, down from $ 1.3851 late Monday.


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